Research on the effectiveness of corporate mergers and acquisitions

Author: Qiu Ming
Publisher:
Publish Date: 2006-04-06
Features: Mergers and acquisitions are advanced and complex activities in corporate behavior. Western countries have over a century of history in corporate mergers and acquisitions, but their success rate has remained low. Against the backdrop of significant development in domestic mergers and acquisitions, how to improve their success rate by addressing the complexity of these activities has become an urgent issue for domestic academia to research and resolve. This book draws on the analytical methods of Western economics, based on a comprehensive analysis of domestic and international literature and case studies of corporate mergers and acquisitions, and conducts a meaningful systematic and innovative exploration of improving the success rate of these activities within the specific economic environment of China. It provides a relatively comprehensive overview of the effectiveness of mergers and acquisitions in both domestic and international theories and empirical research. It systematically reviews five global waves of mergers and acquisitions and three waves in China, delves into their effectiveness, and proposes reasonable motivations for mergers and acquisitions strategies and fundamental models for strategic mergers. It analyzes the emergence, role definition, selection criteria, and responsibilities of integration managers in mergers and acquisitions, and elaborates on a deeper understanding of how synergies are achieved in these activities, as well as the pathways to realizing synergies. By constructing an effectiveness model for corporate mergers and acquisitions, it reveals the mechanisms of effectiveness at the corporate level.